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Listings/Brentwood Apartments

Brentwood Apartments

Sale Price: $2,525,000

For more information about this property, please contact the listing broker.

Please visit our Listings page to view apartment buildings and development land currently on the market.

Sale Summary

We’re excited to announce the sale of Brentwood Apartments in Eastlake.  This one was a bit of a unique transaction in that the Seller retained the permitted development site in the rear of the property, while the Buyer purchased just the existing buildings and plans to complete extensive renovations.  Although the transaction was complex, the Buyer and Seller worked well together to get the deal over the finish line.  We look forward to seeing the finished product for both the Seller’s new development and the Buyer’s renovated buildings.

Property Details

Address
2919-2923 Franklin Ave E, Seattle, WA
NEIGHBORHOOD
Eastlake
YEAR BUILT
1927
NO. OF UNITS
12
NET RENTABLE SF
8,224 SF
SITE AREA
10,450 Land SF
ZONING
LR3 (M)
PARCEL NO.
195970-2650 & 195970-2655

Sale Details

Sale Date
July 10, 2023
Sale Price
$2,525,000

Opportunity

Value-Add Opportunities

Renovate Units and Raise Rents to Market

Entitled Townhome Development

Develop 4 Townhomes in Large Parking Lot

Location

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Brentwood Apartments

2919-2923 Franklin Ave E
Seattle, WA 98102
Units: 12 + Development
Price: $2,525,000

Contact Us

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Call/Text: 425.736.5516